Q.3 What are the various sources of funding and instruments used for climate finance? What are the reasons for funding bial in favour of climate-change mitigation and against the climate-change adaptation activities? (10 Marks)

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2 responses to “Q.3 What are the various sources of funding and instruments used for climate finance? What are the reasons for funding bial in favour of climate-change mitigation and against the climate-change adaptation activities? (10 Marks)”

1. 

   July 17, 2022

   believing is seeing

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   1. 

      July 22, 2022

      Staff @CD

      Hello

      Introduction is fine, 1-2 lines on importance of climate finance will be good(you can mention the seriousness of global warming by mentioning some data).
      Sources of finance are fine, funding by UN agencies, the GCF mechanisn and by bilateral and multilateral government financing- can also be mentioned.
      Next part is not upto the mark. Both mitigation and adaptation are important and there is really no choice b/w both. However, there has been a bias in funding towards mitigation activities, you need to mention the causes for that.
      Causes – difficulty in doing cost-benefit analysis in case of adaptation measures, longer gestation period of adaptation projects, public good nature of the adaptation measures because clear linkage with investment and returns can’t be established.
      In conclusion, you can mention need to take a holistic view of climate change and increase funding towards adaptation measures too.
      Read a bit more about the topic, you can go through the articles attached.
      Keep practicing. 🙂